Preview Mode Links will not work in preview mode

Bestselling author Michael Covel is the host of Trend Following Radio with 10+ million listens. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trading -- all passionately explored and debated. Guests include Nobel Prize winners: Robert Aumann, Angus Deaton, Daniel Kahneman, Oliver Hart, Harry Markowitz & Vernon Smith. More guests: Jack Canfield, Howard Marks, James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams.


“Your questions were excellent questions. I enjoyed this very much.”

--Vernon Smith, Nobel Prize in Economics

“You’ve surrounded yourself with one of the most advanced group of mentors possible…The people on your podcasts, and people in your life, all are people with strong opinions, all people that make you think and make you grow. You just have some kind of an affinity for people like that, and that’s part of what makes you good at what you do.”

--Ed Seykota

“Michael Covel’s podcast has had over [9.5] million listeners and he’s completed [900+] episodes. He’s probably the most established podcaster on this list—and it shows. Mr. Covel’s podcast is great for those looking for alternative views on the market, those who are tired of hearing the same old stories told on CBNC and other traditional outlets. This is highly recommended if you are looking to expand your mind in investing. Mr. Covel has had some incredible guests, to include multiple Nobel Prize winners and world-famous investors. One of my favorite episodes was when Mr. Covel interviewed Annie Duke, a former professional poker player who has some incredible insights on decision making. Mr. Covel always has me thinking and Annie Duke only amplified my brain-wave activity.”

--Wall Street Journal

Mar 29, 2013

Michael Covel presents a series of great audio clips rather than his normal monologue or interview today on the podcast. Most of these are clips that Covel hasn't played on a podcast before, and they all loosely connect around the idea of risk, the unexpected, and black swans. First up, Covel plays a clip from Warren Buffett talking about Long Term Capital Management, the hedge fund that almost took the system down in the summer of 1998 (a huge winning time for trend followers). Covel follows it up with two clips from David Harding of Winton Capital Management--one of the top trend following traders of all time--talking about the lack of data on history's greatest manias, crashes and panics; a second clip of Harding talking about the difference between today's crashes and panics and ones that have happened over the past century; author Peter Bernstein (whose book, "Against the Gods", Covel calls a must-read book on risk); Dr. Vernon Smith, who appeared in Covel's film, "Broke: The New American Dream", talking to ReasonTV; Nassim Taleb, author of "The Black Swan". Finally, Covel ends with a clip of Ben Bernanke walking down the street. Somebody asks him about Nassim Taleb, the author of "The Black Swan". You would think that after we've just listened to all of these pragmatic voices lay the foundation for why you have to know there's always going to be another black swan to arrive, Bernanke completely dismisses it and says he doesn't read Taleb's work. Isn't it good to know that Bernanke, the man who is control of the Fed, doesn't even pay attention? All of these great voices that Covel has played today show how imperitive it is to prepare yourself for the next black swan; the next unknown event. Want a free trend following DVD? Go to